Pne Ag · XETR:PNE3
Pne — PNE Wind — FY2016 Earnings Presentation
15 slides from Pne's earnings presentation, Mar 30, 2017
Slide 1: PNE WIND AG Webcast Presentation Annual Report 2016
PNE WIND AG Webcast Presentation I Annual Report 2016 March 30, 2017
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only and does not constitute a public offer or invitation to subscribe for or purchase any securities of PNE WIND AG and neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. Thi
Slide 3: 2016 Highlights: Financial
PNE WIND GROUP 2016 HIGHLIGHTS FINANCIAL Best result in corporate history - Total output at € 259.2m vs. € 233.3m in 2015 - Sales at € 248.6m vs. € 109.5m in 2015 - EBITclimbs by factor 10x: € 97.0m vs. € 9.8m in 2015 Significant increase in income - Net income at € 69.0m - Undiluted EPS increases t
Slide 4: 2016 Highlights: Operational
PNE WIND GROUP 2016 HIGHLIGHTS OPERATIONAL Wind farm portfolio sold - 142.5 MW wind farm portfolio sold to a subsidiary of Allianz Global Investors - PNE WIND holds 20% of the portfolio Progress in offshore projects - DONG decided to build (FID) the offshore project Borkum Riffgrund II - Planning pe
Slide 5: Management Board
PNE WIND GROUP MANAGEMENT BOARD MANAGEMENT Seasoned wind energy pioneers with strong industry knowledge and contacts - Markus Lesser became CEO on May 26, 2016 - Kurt Stürken became COO on Sept. 15, 2016 - Jörg Klowat CFO contact extended to March 2020 Markus Lesser Jörg Klowat Kurt Stürken CEO CFO
Slide 6: Onshore
PNE WIND GROUP ONSHORE Country I-II III IV Total MW 135.7 MW completed, sold or under Germany 1,249 90 43 1,382 construction Bulgaria 121 0 0 121 - Completed projects: Westerengel 23.1 MW, Köhlen 21.3 MW, Holzthaleben 4.8 MW, Apensen II 6.0 MW, Altenbruch France 313 91 32 436 Repowering 27.0 MW - Pr
Slide 7: Wind Farm Portfolio
PNE WIND GROUP WIND FARM PORTFOLIO Scheduled Project Location Status MW completion Wind farm portfolio sale completed Lower - Portfolio sold to a subsidiary of Allianz Global Investors Altenbruch II Commissioned 25.8 2009 Saxony - € 103 million received for 80 percent of the portfolio, PNE WIND reta
Slide 8: Offshore
PNE WIND GROUP OFFSHORE Zone Sold projects Phase #WET Total MW Atlantis I sold to Vattenfall [Jan 17] 1 Borkum Riffgrund I 8 78 312 - Low double digit € million payment in 2017 1 Borkum Riffgrund II 6 56 448 - Further milestone payments expected with further value-add of the project 1 Gode Wind 1 &
Slide 9: Income Statement (IFRS)
PNE WIND GROUP INCOME STATEMENT (IFRS) In EURm 2016 2015 2014 Best operative result in corporate history achieved Sales 248.6 109.5 211.3 - Total output and sales driven by successful sale of the wind Work in progress 1.6 116.1 19.1 farm portfolio established over several years Other income 9.1 7.7
Slide 10: Balance Sheet Assets (IFRS)
PNE WIND GROUP BALANCE SHEET ASSETS (IFRS) Balance sheet structure improved significantly due to the successful sale of the wind farm portfolio - distinct reduction of short and long term financial liabilities - decrease in technical equipment and machinery - increase in liquidity Property, plant an
Slide 11: Balance Sheet Liabilities (IFRS)
PNE WIND GROUP BALANCE SHEET LIABILITES (IFRS) Shareholders’ equity increased significantly - equity increased from € 165.9m to € 229.4m as at December 31, 2016 - Equity ratio of approx. 53 percent Non-current debt at € 128.7m - mainly due to the deconsolidation of the wind farm portfolio projects o
Slide 12: Review 2011 – 2016
PNE WIND GROUP REVIEW 2011 – 2016 OPERATING RESULT (EBIT) 120,0 Current management started in 2011 - In 2011, Mr. Klowat became CFO and Mr. Lesser became COO 100,0 of PNE WIND. Since May 2016, Mr. Lesser is CEO - Despite usual “waves” in project development, the business of PNE WIND has made signifi
Slide 13: Outlook
PNE WIND GROUP OUTLOOK Onshore wind power - Investing in a new wind farm portfolio and increase of power generation in own operation - Increase in Repowering activities Offshore wind power - Ongoing consultant agreements with DONG and Vattenfall - Atlantis I and Gode Wind 3 being prepared for upcomi
Slide 14: Q&A
PNE WIND GROUP Q&A PNE WIND II webcast presentation II 03 2017 14
Slide 15: Thank You
THANK YOU CONTACT Rainer Heinsohn Head of Communication Tel: +49 (0) 47 21 – 7 18 - 453 Fax: +49 (0) 47 21 – 7 18 - 373 E-mail: rainer.heinsohn@pnewind.com Harnessing the power of the wind means for us connecting environmental responsibility with corporate success PNE WIND II webcast presentation II